Remodeled Clear-Span
For Sale
Contact for pricing
2120 NW 23rd Ave, Miami, FL 33142
Fully remodeled clear-span warehouse with 18-foot clear height, impact windows and doors, and full air-conditioning throughout.
Property Size15,500 SF
Lot Size0.16 Acres
Price / SF$0.02
Days on Market326
Property Features for 2120 NW 23rd Ave
General Information
Standard status
Active
Size
15,500 SF
Lot size
0.16 Acres
Property subtype
INDUSTRIAL
Zoning
7700 Industrial – Restricted
Site & Location
Neighborhood
Allapattah Industrial District
Additional Details
Clear Height
18 ft
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Rey Moya · License #SL3526550
(786) 970-0851
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Oct 26
Last Checked: Nov 1 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty
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Investment Insights
Based on property information with market context.
Outstanding industrial property in Miami’s Allapattah district, presented in turnkey, fully remodeled condition. The warehouse includes clear-span space with no interior columns and approximately 18’ clear ceiling height. Improvements include impact windows and doors, newly renovated bathrooms, and new HVAC providing full air-conditioning throughout the warehouse. The asset was recently upgraded throughout for modern functionality.
The property is located in a highly connected area with exceptional access to major transportation corridors, Miami International Airport, Wynwood, Downtown Miami, and SR-836. Zoned 7700 Industrial – Restricted, the site supports light manufacturing, distribution, food production, logistics, and modern industrial operations. The building sits on a 6,940 SF lot and totals 5,133 SF of warehouse space, offering a practical configuration for industrial and commercial uses within the zoning parameters.
The property is located in a highly connected area with exceptional access to major transportation corridors, Miami International Airport, Wynwood, Downtown Miami, and SR-836. Zoned 7700 Industrial – Restricted, the site supports light manufacturing, distribution, food production, logistics, and modern industrial operations. The building sits on a 6,940 SF lot and totals 5,133 SF of warehouse space, offering a practical configuration for industrial and commercial uses within the zoning parameters.
Key Highlights
- Fully remodeled 5,133 SF clear‑span warehouse on a 6,940 SF lot in Miami’s Allapattah industrial corridor
- 18’ clear ceiling height with clear‑span warehouse space and no interior columns
- Impact windows and doors, plus full air‑conditioning throughout with new HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,859
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,057,180
$5.1M
Cap Rate 7%
$3,612,271
$3.6M
Cap Rate 9%
$2,809,544
$2.8M
Market Conditions
NOI Build-Up for 15,500 SF
Gross rent
$312.5K $20.16/SF
− Vacancy
−$15.0K −$0.97/SF
EGI
$297.5K $19.19/SF
− OpEx
−$44.6K −$2.88/SF
NOI
$252.9K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,057,180
Cap Rate 7%
$3,612,271
Cap Rate 9%
$2,809,544
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,859 @ 7.0% cap · market cap 76,623.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.46M
$9.15M – $12.21M
NOI $732,382 @ 7.0% cap · market cap 221,933.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,765
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully remodeled clear-span warehouse with 18-foot clear height, impact windows and doors, and full air-conditioning throughout.
Where is this warehouse located?
The property is located at 2120 NW 23rd Ave Miami, FL.
What are key features of this property?
This property features: Fully remodeled 5,133 SF clear‑span warehouse on a 6,940 SF lot in Miami’s Allapattah industrial corridor; 18’ clear ceiling height with clear‑span warehouse space and no interior columns; Impact windows and doors, plus full air‑conditioning throughout with new HVAC
